Interdin, a retail brokerage firm in the Spanish Financial Futures Market (MEFF), has teamed up with Integral Development to add margin FX trading capabilities to its existing platforms, without stretching time and cost.
With this agreement, Interdin will become the first Spanish broker to provide compeltely transparent FX pricing through a non-dealing desk or agency model, offering its customers with direct market access to interbank liquidity.
In order to facilitate its customers to trade through their familiar system, Interdin will offer the new spot FX pricing through its existing multi-asset platform.
Interdin online brokerage director Enrique Martí said adoption of the new technology will reassure its customers that their trades will be executed directly in the market, without any broker interference.
Integral cloud services allow Interdin to combine liquidity from numerous providers including every major bank, professional trading groups and ECNs.
Equipped with fully automated trade execution and processing, the new technology offers real-time analysis tools to put Interdin in control and allow them to manage their business to their exact specifications.
Interdin operates as a unit of the Banca Privada d’Andorra group (BPA), which delivers private banking, asset management and brokerage services.